135 W 57th Avenue

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135 W 57th Avenue

Merrillville, IN 46410
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Merrillville
  • Located at 135 W 57th Avenue in Lake County
  • Positioned within a stable Northwest Indiana residential submarket
  • Provides access to regional transit routes and local services
  • Asset supports the growing demand for area rental inventory

What's Special

Merrillville serves as a primary commercial and residential hub within Northwest Indiana, offering convenient access to the greater Chicago metropolitan area. This apartment building located at 135 W 57th Avenue sits within a stable submarket characterized by steady demand for workforce housing and proximity to regional infrastructure. The asset provides investors a foothold in a region supported by a diverse employment base and major highway connectivity that facilitates easy commuting throughout the corridor. Multifamily assets in this submarket typically attract long-term residents who value connectivity to local services and the broader regional economy. As an apartment building, the property is well-positioned to serve the ongoing need for rental inventory in Lake County. Prospective owners can capitalize on the location's accessibility and its established position within the Merrillville residential landscape.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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